New Zealand dairy giant Fonterra has reported record dairy exports for the month of October.
Fonterra said it exported 215,000 metric tons of dairy products in October, setting a New Zealand dairy export record for a single month. The new record was 48,000 tons higher than the previous record, which was set in 2001.
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The company has also predicted that further dairy production and export records could be set in November due to a late spring in the southern hemisphere.
High export volumes mean that the company is likely to meet its sales targets for the full year, according to company CEO, Craig Norgate.
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By GlobalData
